Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698930145517.pdf (New Zealand)
2016/259 Anti-Money Laundering and Countering Financing of Terrorism (Exemptions) Amendment Regulations 2016 Patsy Reddy, Governor-General Order in Council At Wellington this 7th day of November 2016 Present: Her Excellency the Governor-General in Council These regulations are made under sections 153 and 154 of the Anti-Money Launder- ing and Countering Financing of Terrorism Act 2009 and section 56(1)(e) and (2) of the Financial Transactions Reporting Act 1996— (a) (b) on the advice and with the consent of the Executive Council; and in relation to regulations made under section 154 of the Anti-Money Launder- ing and Countering Financing of Terrorism Act 2009, on the recommendation of the Minister (as defined by section 5 of that Act) made in accordance with section 154(2) and (3) of that Act.
Contents Title Commencement Principal regulations Revocation New regulation 6A inserted (Certain entities exempt from reporting under section 48A of Act) 6A Certain entities exempt from reporting under section 48A of Act Page 2 2 2 2 2 2 1 r 1 Anti-Money Laundering and Countering Financing of Terrorism (Exemptions) Amendment Regulations 2016 2016/259 Regulations Title These regulations are the Anti-Money Laundering and Countering Financing of Terrorism (Exemptions) Amendment Regulations 2016.
Commencement These regulations come into force on 1 November 2017.

Principal regulations These regulations amend the Anti-Money Laundering and Countering Finan- cing of Terrorism (Exemptions) Regulations 2011 (the principal regulations).

Revocation These regulations are revoked on the close of 29 June 2018.
New regulation 6A inserted (Certain entities exempt from reporting under section 48A of Act) After regulation 6, insert: 6A Certain entities exempt from reporting under section 48A of Act A reporting agency that is an intermediary institution is exempt from making a prescribed transaction report under section 48A of the Act in respect of any wire transfer.

Michael Webster, Clerk of the Executive Council.


Explanatory note This note is not part of the regulations, but is intended to indicate their general effect.

These regulations, which come into force on 1 November 2017, exempt a reporting agency that is an intermediary institution from making a prescribed transaction report under section 48A of the Anti-Money Laundering and Countering Financing of Ter- rorism Act 2009 in respect of any wire transfer.
An intermediary institution, in rela- tion to a wire transfer, is a person that participates in a transfer of funds that takes place through more than 1 institution but is not an ordering institution or a beneficiary institution.

These regulations are revoked on the close of 29 June 2018 (which is the date that the principal regulations expire).
2 2016/259 Anti-Money Laundering and Countering Financing of Terrorism (Exemptions) Amendment Regulations 2016 Issued under the authority of the Legislation Act 2012.

Date of notification in Gazette: 10 November 2016.

These regulations are administered by the Ministry of Justice.

Wellington, New Zealand: Published under the authority of the New Zealand Government—2016 3